Online casino and white label provider Aspire Global has announced record revenue and EBITDA for 2017.
Across the 12 months, the Stockholm-listed company’s revenue increased by 18 per cent to €71.9m, up from €61m the previous year, with B2B earnings up by 24 per cent to €37.1m from €30m.
EBITDA for the past year increased by 25 per cent to €14.3m from €11.4m, with a one per cent increase in margin to 20 per cent.
Those figures were boosted by a strong performance in Q4. Aspire increased revenues by 27 per cent to €19.2m, B2B revenues by 40 per cent to €10.3m and EBITDA by 35 per cent to €3.8m.
During the fourth quarter, Aspire launched Mr Play, a new fully regulated casino in a joint venture in which it owns 40 per cent of shares.
Company CEO Tsachi Maimon said: “2017 was a game changer for Aspire Global. We went from being a private player to becoming a public listed company, from having a few key accounts to widening of our customer base, and finally from general expansion to further strengthening our focus on regulated markets.
“We look forward to keep growing organically together with our existing partners, as well as additional partners waiting to get on board.”
